20th May 2023 Current Affairs Quiz – Step right up and test your knowledge with our 20th May 2023 Current Affairs Quiz! Stay up-to-date with the latest happenings around the globe by taking part in this engaging Current Affairs Quiz 20th May 2023. From politics and world events to sports and entertainment, we’ve gathered a collection of questions that highlight the significant occurrences on this memorable day. So, put your thinking cap on and get ready to tackle our 20th May 2023 Current Affairs, focused specifically on the events of 20th May 2023.
20th May 2023 Current Affairs | Today GK Quiz
1. What is the significance of World Bee Day?
A) It emphasizes the importance of bees in sustaining ecosystems and food production.
B) It promotes evidence-based agricultural practices.
C) It raises awareness about the role of bees in promoting biodiversity.
D) All of the above.
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Answer: D) All of the above.
Explanation: World Bee Day holds great significance as it emphasizes the importance of bees in sustaining ecosystems and food production, promotes evidence-based agricultural practices, and raises awareness about the role of bees in promoting biodiversity. By acknowledging World Bee Day, we recognize the essential role bees play in maintaining ecosystem equilibrium, supporting food systems, and preserving biodiversity.
2. Why was May 20th chosen as the date for World Bee Day?
A) It is the International Day of Bees.
B) It marks the birthday of Anton Janša, a Slovenian beekeeping pioneer.
C) It coincides with the peak of bee pollination season.
D) It is a traditional celebration of bees in many cultures.
Answer: B) It marks the birthday of Anton Janša, a Slovenian beekeeping pioneer.
Explanation: May 20th was chosen as the date for World Bee Day to honor the birthday of Anton Janša, a Slovenian beekeeping pioneer and renowned bee expert. By selecting this date, the United Nations aims to pay tribute to his contributions to beekeeping and raise awareness about the importance of bees and other pollinators in our ecosystems.
3. What is the main reason for the significant increase in the surplus transfer from RBI to the government for the fiscal year 2022-23?
A) Higher provisioning on mark-to-market losses on foreign securities.
B) Increased income from the sale of foreign exchange reserves.
C) Rising yields on US treasuries.
D) Higher contingency buffer of 6 percent.
Answer: B) Increased income from the sale of foreign exchange reserves.
Explanation: The main reason for the significant increase in the surplus transfer from RBI to the government for the fiscal year 2022-23 is the increased income from the sale of foreign exchange reserves. The RBI’s sales of foreign exchange reserves, estimated to be around $206 million, contributed significantly to the higher surplus transfer. However, it is mentioned that the profits were partially offset by higher provisioning on mark-to-market losses on foreign securities and the higher contingency buffer of 6 percent.
4. What is the expected impact of the surplus transfer on the government’s revenue?
A) It will offset possible revenue losses due to lower tax revenues and divestment.
B) It will bring in additional revenue of around 0.2 percent of GDP.
C) It will meet the expectations set by the Union Budget.
D) It will boost the RBI’s performance during the accounting year.
Answer: B) It will bring in additional revenue of around 0.2 percent of GDP.
Explanation: The surplus transfer of Rs 87,416 crore from the RBI to the central government is expected to bring in additional revenue of around 0.2 percent of GDP. This infusion of funds is anticipated to help partially offset possible revenue losses due to lower tax revenues and divestment. It is also mentioned that the surplus amount aligns with the expectations set by the Union Budget, which estimated a surplus of Rs 48,000 crore from the central bank, public sector banks, and financial institutions for the current year.
5. What has contributed to the significant growth in India’s defence production?
A) Increased foreign direct investment in the defence sector.
B) Ban on the import of certain weapons and systems.
C) Implementation of policy reforms to improve ease of doing business.
D) All of the above.
Answer: D) All of the above.
Explanation: The significant growth in India’s defence production can be attributed to various factors. These include increased foreign direct investment in the defence sector, the ban on the import of certain weapons and systems, and the implementation of policy reforms to improve ease of doing business. These measures have collectively contributed to the growth and self-reliance of India’s defence production.
6. What is the expected turnover target for India’s defence manufacturing by 2024-25?
A) ₹1 lakh crore
B) ₹1,75,000 crore
C) ₹54,951 crore
D) ₹95,000 crore
Answer: B) ₹1,75,000 crore
Explanation: The Indian government aims to achieve a turnover of ₹1,75,000 crore in defence manufacturing by 2024-25. This indicates the government’s ambitious goal to further enhance the growth and self-reliance of the defence sector in India. With ongoing reforms and increasing participation from private defence firms, the government is confident in reaching this target.
7. When was the first official United Nations International Tea Day celebrated?
A) 2019
B) 2020
C) 2005
D) 2019
Answer: B) 2020
Explanation: The first official United Nations International Tea Day was celebrated on May 21, 2020. In 2019, the Intergovernmental Group on Tea decided to celebrate International Tea Day on May 21, and the United Nations approved the celebrations on December 21, 2019.
8. Which country is credited with the origins of tea?
A) Japan
B) India
C) Sri Lanka
D) China
Answer: D) China
Explanation: China is credited with the origins of tea. According to a popular legend, in 2737 BCE, Emperor Shen Nong of China discovered tea when leaves from a Camellia sinensis tree fell into his pot of boiling water. This discovery led to the cultivation and popularity of tea in China, eventually spreading to other parts of the world.
9. According to the UN report, what is the value of arms, dual-use items, and raw materials supplied by India to the military junta in Myanmar?
A) ₹8,256 crore
B) ₹51 million
C) ₹422 crore
D) ₹3,352 crore
Answer: C) ₹422 crore
Explanation: The UN report reveals that India supplied arms, dual-use items, and raw materials worth ₹422 crore (approximately $51 million) to the military junta in Myanmar.
10. Which three countries were the major arms suppliers to the junta in Myanmar, as mentioned in the UN report?
A) India, Russia, Singapore
B) India, China, Singapore
C) India, Russia, China
D) India, Thailand, Singapore
Answer: C) India, Russia, China
Explanation: According to the UN report, the major arms suppliers to the junta in Myanmar were Russia (over $406 million), China ($267 million), and Singapore ($254 million). India is mentioned as one of the countries supplying arms, but it is not listed as one of the major suppliers.
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